On 27th Jul 2011, Marina Bay Sands (MBS) reported 2Q11 results which exceeded our and market expectation of a seasonally softer rolling chip volume 2Q11. 2Q11’s strong growth in rolling chip volume bodes well for the industry, and implies good long-term prospects for both the industry and rival Resorts World Sentosa (RWS) as VIP gamers typically patronise both casinos. Parent…
Tag: Technical Analysis
US Debt Ceiling saga clouded upside potential of markets | Gold & USD Index Technical Analysis | US Stock Markets
Around the world, across different markets, investors have reacted in great anxiety anxiety especially to the ongoing gridlock between the White House and Republican lawmakers over a path toward raising the government’s debt limit and avoiding a potential default. A deal on the debt limit is needed for the government to avoid running out of funds to pay its bills…
Apple stock price recovers ahead of its Q3 Financial performance announcement | AAPL Technical Analysis | US Stocks Market
Apple Inc (AAPL) is releasing its closing quarter financial performance on 19th July 2011. Q2 was a stellar performing quarter for Apple Inc. Moving forward, Apple has a series of new products which will once again add on to its revenue base – iCloud, iPhone 4G/5, iPad 3 HD, Mac Air refresh etc. Investors have anticipated good upcoming results and…
Tiger Airways – Near term impact and stock price weakness as opportunity? | Fundamental Analysis | Singapore Stock Market
On Fri 1st July 2011, the air safety watchdog Civil Aviation Safety Authority grounded all Australian domestic flights of a Tiger Airways subsidiary for the next week, saying the budget airline twice flew under the minimum allowed altitude. Tiger Airways, the fourth-largest domestic airline in Australia, operated between all state capitals and several regional cities. Tiger is 49 percent owned…
RIM profit warning sends RIM stock price to 52 weeks low | Technical Analysis | US Stock Market
Shares in Research In Motion Ltd (RIM) tumbled late Thursday 9th Jun 2011 after the BlackBerry maker posted fourth-quarter earnings in line with forecasts, but said costs to launch the PlayBook tablet would drive future profits lower in the near term. RIM said its gross margin, or the percentage of sales left after production costs, will be about 41.5 per…
Multi week lows for major stock markets – Dow Jones Industrial, Nasdaq, Straits Times Indices with soft USD $ | Technical Analysis | US Stock & Currency Markets
The market is still digesting that there’s been a softening in economic growth in the U.S. and other parts of the world. This is not surprising as there are signs of bearish divergences in most of the indices technical chartings. The six-week losing period, which has knocked 6.7% from the Dow, is the longest stretch since October 4, 2002, when…
New weakness in bourses, new lows in Technical charts | Nasdaq, Dow Jones Industrial, Volatility Index | US Stock Market
For the week ending last Friday, most bourse indices has hit significant weeks low and US stock indices were down for consecutive 5 trading days on the backdrop of weak US & China economic data. Further downgrades of Greece by S&P added further anxiety among investors. Dow Jones Industrial index has breached the 2 important Moving averages and it should…
Google’s foray into the online to derive better revenues and share capital returns | GOOG.NYSE Technical Analysis | US Stock Market
On 14th April 2011, the company has just reported $8.58 billion in gross revenue for the first quarter of 2011, which represents a 27% increase over the first quarter of last year, but lower than analysts’ expectations. The key product – Google Search is still strong with good retained user base while the new innovations – Google Android & Chrome…
Good forward valuation for Apple Inc. AAPL – Accumulate on weakness in stock prices | Technical Analysis | US Stock Market
On the previous 20th April 2011, Apple released their Q2 2011 financial results. They report that Q2 revenue was $24.67 billion with a net profit of $5.99 billion. In addition, Apple sold 3.67 million Macs (28% increase from last year Q2), 18.65 million iPhones, (113 increase), 9.02 million iPods (17% decline) and 4.69 iPads. Financial Analysis of Apple Stock…
Marine / Rig / Shipping stocks underperform against STI? | Stock Prices Technical Analysis | Singapore Stock Market
It is the last day of a dreaded month of May for 2011. Historically, this month is avoided by retail investors as it is a month of volatility and consolidation. Not aided by the undesirable impact of series of downgrades in various faltering European countries e.g. Spain and a slowdown in greater China market and Singapore latest GDP results do…